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Technology Stocks : Newbridge Networks -- Ignore unavailable to you. Want to Upgrade?

To: zbyslaw owczarczyk who wrote (8863)	1/6/1999 11:47:00 AM
From: Roman	Respond to of 18016

Company Press Release SOURCE: BancBoston Robertson Stephens BancBoston Robertson Stephens Reiterated a Buy Rating on Newbridge Networks SAN FRANCISCO, Jan. 6, 1999 -- The following is being issued by BancBoston Robertson Stephens, a member of the National Association of Securities Dealers, CRD number 41271: BancBoston Robertson Stephens senior communications equipment analyst Paul Silverstein today reiterated a Buy rating on Newbridge Networks (NYSE: NN - news). Newbridge Networks, based in Kanata, Canada, develops, manufactures, markets, sells and supports a broad family of high-speed digital wide-area networking communications devices. ''We expect Newbridge to continue to successfully execute its turnaround in 1999,'' said Silverstein. ''We expect 1999 drivers for the stock to be: 1) Additional contract announcements, including the company's first US Department of Defense contract for an estimated $10 million that was just announced; 2) Continued ramping of existing contracts; 3) New products; 4) Strategic transactions -- both purchases and sales -- including a number of Newbridge's affiliated companies; and 5) Continued financial leverage from reducing the company's expense structure," said Silverstein. BancBoston Robertson Stephens is a leading international investment banking firm focused on emerging growth companies. The firm's 55 senior research analysts cover over 575 companies. Additional information is available upon request.